Oil Edges Higher as ECB Measures Boost Market Sentiment

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Eric Yep Crude-oil futures rose in Asian trade Friday in line with positive sentiment in wider financial markets after the European Central Bank raised its growth forecasts and said it would begin its bond buying program from Monday. On ...

Europe Bond Yields Hit Record Levels -- 2nd Update

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Josie Cox The promise of a massive bond-buying plan from the European Central Bank has pumped the region's bonds to new highs in recent months and hit the euro. Now that the program is about to start, investors seem ...

Sompo Japan to Buy Stake in France's Scor

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Megumi Fujikawa TOKYO-- Sompo Japan Nipponkoa Holdings Inc. said Friday that it has decided to spend about $915 million to buy a stake in French reinsurance giant Scor SE. In an attempt to gain stable profits from the commercial ...

European Bond Yields Hit Record Levels

TODAY: March 6, 2015 PUB DATE: March 6, 2015

Eurozone government bonds scaled new heights Friday, while the bloc's currency continued to hover around an 11-year low, a day after Mario Draghi underlined his commitment to a large bond-buying plan. Yields on 10-year bonds issued by Portugal, Italy and ...

Sika a Step Closer to Takeover by Saint-Gobain

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By John Revill ZURICH-- Sika AG suffered a setback in its battle to prevent a takeover by France's Saint-Gobain SA as the body governing acquisitions in Switzerland ruled in favor of the founding family's plan to sell its interest. The ...

Biotech Bidding War Yields Rich Price

TODAY: March 6, 2015 PUB DATE: March 6, 2015

(FROM THE WALL STREET JOURNAL 3/6/15) By Jonathan D. Rockoff The multibillion-dollar sales potential of a cancer drug that Pharmacyclics Inc. chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie Inc.'s $21 billion ...

Europe Bond Yields Hit Record Levels

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Josie Cox Eurozone government bonds scaled new heights Friday, while the bloc's currency continued to hover around an 11-year low, a day after Mario Draghi underlined his commitment to a large bond-buying plan. Yields on 10-year bonds issued by ...

China Real Fiscal Deficit Tops Budgeted Level

TODAY: March 6, 2015 PUB DATE: March 6, 2015

BEIJING--China's real fiscal deficit ratio is higher than the budgeted level as unspent funds from past years will be spent this year but not included in the budget calculation for 2015, Finance Minister Lou Jiwei said Friday. Speaking at a ...

German January Industrial Production Rises

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Todd Buell FRANKFURT--German industrial production increased on the month in January, as mild winter weather gave a healthy boost to the construction industry, data from the country's economy ministry showed Friday. In adjusted terms, production increased by 0.6% on ...

Correction to Sompo Japan Article

TODAY: March 6, 2015 PUB DATE: March 6, 2015

Sompo Japan Nipponkoa Holdings Inc. plans to acquire 7.8% of French reinsurance giant Scor SE's shares outstanding from Patinex AG, and a further 7.2% stake from other shareholders. "Sompo Japan to Buy Stake in France's Scor," at 0923 GMT, misstated ...

Caixabank Stands Firm on Offer for Portugal's BPI

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Patricia Kowsmann and Jeannette Neumann LISBON--Spain's Caixabank SA said Friday that its offer for Portugal's Banco BPI SA is "fair" and will stay on the table, escalating tensions in a high-profile, cross-border takeover bid. Caixabank's remarks follow a statement ...

Dollar Tad Lower Against Yen Ahead of U.S. Jobs Data

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Hiroyuki Kachi The dollar was a tad lower against the yen Asia trade Friday, as the greenback hovered around the psychologically-important Y120-mark ahead of the closely-monitored U.S. jobs data for February later in the global day. Around 0450 GMT, ...

Asian Shares Up as ECB Raises Growth Forecast

TODAY: March 6, 2015 PUB DATE: March 6, 2015

Stocks in Japan led gains in Asia on Friday, after the European Central Bank raised its growth forecast for the region. The Nikkei Stock Average was up 1%, while stocks from Singapore to Korea rose fractionally. Shares across the region ...

China Says Will Spend More Than Meets the Eye -- Update

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Lingling Wei BEIJING--The Chinese government won't be as tightfisted this year as official projects suggest, China's finance minister said on Friday, indicating the authorities will beef up spending to spur economic activity. A budget report delivered to the country's ...

Caixabank Says Takeover Offer for Portugal's BPI Is 'Fair'

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By David Roman MADRID--Spain's Caixabank SA (CABK.MC) on Friday said its offer for Banco BPI SA (BPI.LB) is fair and will stay on the table despite being rejected by the Portuguese lender's board. In a regulatory filing, the Barcelona-based bank ...

Federal Offices in D.C. Opening on 2-Hour Delay

TODAY: March 6, 2015 PUB DATE: March 6, 2015

WASHINGTON--Federal government offices are opening with a two-hour delay Friday because of winter weather. As a result, the government will cancel the planned media release of economic data. Instead, the Labor Department's February jobs report and the Commerce Department's January ...

Europe Bond Yields Hit Record Levels -- Update

TODAY: March 6, 2015 PUB DATE: March 6, 2015

By Josie Cox The promise of a massive bond-buying plan from the European Central Bank has pumped the region's bonds to new highs in recent months and hit the euro. Now that the program is about to start, investors seem ...

Sompo Japan Nipponkoa May Buy Stake in France's Scor

TODAY: March 6, 2015 PUB DATE: March 6, 2015

TOKYO--Sompo Japan Nipponkoa Holdings Inc. (8630.TO) said it is considering buying a stake in French reinsurance giant Scor SE (SCR.FR), in a deal that could reportedly be worth over $900 million. The joint holding company that was founded through the ...

German Industrial Production Rises

TODAY: March 6, 2015 PUB DATE: March 6, 2015

FRANKFURT--German industrial production increased on the month in January, as mild winter weather gave a healthy boost to the construction industry, data from the country's economy ministry showed Friday. In adjusted terms, production increased by 0.6% on the month, beating ...